I generally only use one altimeter for 4" and smaller rockets. I put the battery on one side, terminal down, on the upper part of the sled. The altimeter goes on the bottom of the sled opposite of the battery. (I'm still using an altimeter that survived a user-error induced lawndart, the battery was poured out of the remains of the av-bay but the altimeter survived).
As for pull pins, I use them in the vent band. I also put screw switched that are accessible on the av-bay shoulder where the separation occurs. That way you can leave everything turned off until you are ready for final assembly. Put the pins in and turn on the screw switches, put the rocket together, insert shear pins if you use them, and take it to the RSO. No power is applied until it is on the pad and ready to fly. (I do recommend turning power on and testing continuity of the matches after they are connected, but before the powder is added, by letting the altimeter go through it's power up sequence so you get the "beeps" of continuity.)
If you are going to use two altimeter, I would recommend the batteries be on opposite sides of the upper part of the sled, terminals down. The two altimeters on the bottom. That makes it easy and clear how to wire everything in totally separate circuits.